Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: TideGlider who wrote (11001)	12/4/1997 7:23:00 PM
From: Bruce Tiemann	Read Replies (1) of 25960

[msft selling puts] It's in the current issue of NewsWeek (cover, Amistad and black slavery: should the US apologize). >>I always thought a company was not allowed to sell puts or short their own stock. Kinda like a baseball player wagering on if he will strike out.<< Selling puts is bullish - not like shorting or wagering one will strike out. You guys want puts on our stock? Fine, here have some puts. The article claims MSFT raised something like 270 Million dollars that way, selling puts. Question: If they sell puts, and the stock then does tank, and MSFT can't afford to be put the stock - then what? Does the SIPC bail the put buyers out, or what? Bruce Tiemann

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